1st CAS meeting-11th June 2009
Objectives for today:
1. Finish our setup details of the AP, AR and GL.
Before we plan to discuss our double entries, we started off by setting up of our vendors’ information, customers’ information in their respective AP and AP modules. Subsequently, we moved on to do up our Chart of Accounts which included clearing accounts, terms, taxes and all other basic administrative things. We looked up on our resource notes provided to do our setup details and options.
I was responsible for the COA, and personally I think it was quite tedious, which made me realised that transforming/ moving from a manual accounting system to a computerized accounting system was not an easy job.
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